Ports and Logistics
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Vinalines and Rent-A-Port to develop grain port at Hai Phong
Vietnam National Shipping Lines (Vinalines) and Belgian company Rent-A-Port have signed a memorandum of understanding to cooperate in building a…
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Jinzhou Port sets up insurance brokerage subsidiary
China’s Jinzhou Port has announced that it will invest RMB50m ($7.6m) to set up a subsidiary to tap into the…
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Wellington port’s earthquake repair bill stands at $247m
Repairing earthquake damage at Wellington’s port will cost NZ$340m ($247m), according to the port’s terminal operator, CentrePort. The port was…
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Louisiana ports and refineries next in line as Harvey shapes up for return to land
After taking a toll on oil refineries and ports along the Texas coast, Tropical Storm Harvey is next forecast to…
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Ports, waterways, refineries and platforms all feel Harvey’s wrath
The Houston Ship Channel remained closed on Monday and numerous refineries were out of action as were offshore oil and…
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Forth Ports and AF Gruppen to create decommissioning hub in Dundee
Forth Ports and AF Offshore Decom UK, part of AF Gruppen, have signed an agreement to establish a new joint…
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China to reduce port charges
China’s Ministry of Transport is going to further reduce port charges in order to help ease the burden on the…
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Qingdao Port to establish JV with PetroChina
China’s Qingdao Port has entered into a letter of intent with PetroChina Fuel Oil, a subsidiary of PetroChina, for the…
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Sinotrans to acquire logistics assets of China Merchants
Chinese logistics and shipping giant Sinotrans has announced that it has reached an agreement to acquire the entire capital of…
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Hutchison Ports buys into Basra
Hutchison Ports has made its second overseas deal this year. The Hong Kong-based terminal operator has signed with Nawah Port…
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Silting a growing problem at Latin America’s largest port
Calls are growing for authorities to dredge Latin America’s largest port. The Financial Times is reporting how containerships are being…
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Vopak to expand Pengerang terminal
Royal Vopak has announced that the company and its joint venture partners intend to expand their independent storage terminal, Pengerang…
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Cyber-attack wiped up to $300m from Maersk’s books
Søren Skou, the CEO of A.P. Moller – Maersk, has for the first time put an approximate dollar figure on…
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Port of Newcastle’s fee hikes curtailed
Commodities giant Glencore is celebrating a verdict from Australia’s Federal Court that will see the local competition watchdog regulate port…
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Goldman Sachs fund buys into Colombian port operator
An investment fund administered by Goldman Sachs has paid Grupo Argos $136m to take a 50% stake in a Colombian…
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MMC in talks to acquire stake in Sabah Ports
Malaysia’s MMC Corporation has confirmed that the company is now in talks with Suria Capital Holdings to acquire a stake…
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Warehouse company brings complaint of bias against Port Authority of NY/NJ
Port Elizabeth Terminal & Warehouse Corp (PETWC) in New Jersey has issued a formal complaint to the Federal Maritime Commission…
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Calls return for Kra Canal feasibility study
A centuries-old Southeast Asian canal project is being dusted off once again. Plans to create a waterway through southern Thailand’s…
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AP Moller Holding and three Danish pension funds launch Africa infrastructure fund
A.P. Moller Holding, PensionDanmark, PKA and Lægernes Pension have launched a new infrastructure fund, Africa Infrastructure Fund I, focused on…
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Qatar Navigation buys boxship, ramps Sohar infrastructure in wake of sanctions
Qatar Navigation – also known as Milaha – continues to take action to operate in a more constricted environment weeks…
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